EB-5

Washington, D.C. – July 2, 2019 – On June 27, 2019, the Office of Management and Budget (OMB) completed its review of USCIS’ proposed EB-5 Modernization Regulations, the last step in the rulemaking process before the new regulations are published and implemented. The new EB-5 regulations could increase the EB-5 minimum investment threshold and give…

The latest Visa Bulletin, published by the U.S. Department of State (DOS) earlier this month, confirms industry predictions of a waiting list for Indian-born EB-5 investors. Starting in July 2019, EB-5 visas will be available only to those Indian-born investors who filed their petitions before 05/01/2017. This cut-off date creates a waiting list of approximately two…

It has been reported on April 16th, that Rep. González-Colón introduced H.R.2173, a bill that would amend the Immigration and National Security Act to reserve 100 EB-5 visas for investors who select projects in locations declared major disaster areas by the president. The EB-5 Program gives qualifying foreign nationals and their immediate family members green…

The number of Indian citizens issued with EB-5 visas in the US has almost quadrupled since 2017. As stated by U.S. Citizenship and Immigration Services (USCIS), 585 conditional green cards were issued to Indians during the 12 month period ending September 2018, compared with 174 during the 2017 with 149 in 2016. An increase in…

Washington, D.C. – March 1, 2019: Last week, on Feb. 22, 2019, the Department of Homeland Security (DHS) sent a confidential draft of a final EB-5 rule to the Office of Management and Budget (OMB), marking the final stages of the rulemaking process. The rule, titled “EB–5 Immigrant Investor Program Modernization” or RIN 1615-AC07, was…

As part of the agreement by Congress and the president to end the government funding stalemate, the EB-5 program will be authorised thru September 30, 2019.  Many may be aware that over the past few months Iowa Rep. Steve King proposed to terminate the EB-5 program.  However, his bill garnered zero support, illuminating how lawmakers…

Latest Update: EB-5 extension is likely to lead to a surge in last minute applications with petitioners eager to beat the deadline. As with previous deadlines, such reauthorisations tend to herald a surge in last minute applications with applicants keen to file their I-526 petitions before the extension ends and possible higher EB-5 program investment…

Latest Update: EB-5 awaits Short-Term Extension until February 8th 2019. Meanwhile, USCIS continues to accept I-526 petitions. Re-authorisation awaits outcome of President Trump’s Federal Funding stand off. U.S Government remains shutsdown for the 3rd time in the last 12 months. Residency Invest will continue to monitor the situation closely and provide any new information as…

Washington Update: EB-5 Regional Center Authorization Receives Short-Term Extension until December 21st The EB-5 Regional Center program was due to expire on Friday, December 7th at midnight. Due to the death of former president George H.W. Bush and the State Funeral in his honor, lawmakers have decided to delay this deadline to December 21st. The Future of EB-5 The House…

Washington Update: EB-5 Regional Center Program Reauthorization Extended to December Amidst looming concern with the EB-5 Regional Center program potentially expiring on September 30th, 2018 – over the last week, the U.S. Congress has passed legislation that extends the program in its current form, through December 7th, 2018. The bill includes funding or continuation of…